Bank of Japan rate hikes and monetary policy 2026
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Japan raises interest rate to 31-year high
After the rate hike, the Nikkei 225 gained 1.5%.
The BOJ's decision to hike rates was split 7-2, with board members Toichiro Asada and Ayano Sato dissenting.
After the rate hike, the yen weakened past 157 against the dollar.
Bank of Japan raises interest rates to 31-year high of 1.25%
The BOJ's decision was split 7-2, with board members Toichiro Asada and Ayano Sato dissenting.
Almost 90% of economists surveyed by CNBC expected the 25-basis-point tightening.
The benchmark 10-year Japanese government bond yield fell 4.9 basis points to 2.947%.
Japan's corporate leaders raise alarm over weak yen
Yoshinori Kanehana, chairman of Kawasaki Heavy Industries, said that yen at 150 could make him consider moving manufacturing from the U.S. to Japan.
Takayuki Ueda, president and CEO of Inpex, said that yen at 100 would be the appropriate level for the Japanese economy.
Takayuki Ueda said that the current exchange rate is perhaps too weak for the Japanese economy as a whole.
“we had some concern that the [weak yen] would create a confused situation in the financial market,”
BOJ expected to hike rates 25 basis points to three-decade high
Around 61% of survey respondents expect the yen to trade between 155 and 160 in the next month.
Japan's real wages rose 2.4% in July, rising for the seventh month in a row.
Jesper Koll, expert director at Monex Group, expects the BOJ to hike by 50 basis points.